Bunzl plc (LON:BNZL) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 2,412.86 ($31.53).
A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of Bunzl from GBX 1,650 ($21.56) to GBX 2,050 ($26.79) and gave the company an “underperform” rating in a report on Tuesday, April 9th. Shore Capital reiterated a “buy” rating on shares of Bunzl in a research note on Wednesday, February 20th. UBS Group reiterated a “neutral” rating on shares of Bunzl in a research note on Tuesday, February 26th. Barclays increased their price objective on shares of Bunzl from GBX 2,600 ($33.97) to GBX 2,700 ($35.28) and gave the stock an “overweight” rating in a research note on Wednesday, February 27th. Finally, Deutsche Bank lowered their price objective on shares of Bunzl from GBX 2,650 ($34.63) to GBX 2,540 ($33.19) and set a “buy” rating on the stock in a research note on Monday, April 29th.
In other news, insider Frank van Zanten sold 3,699 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of GBX 2,113 ($27.61), for a total value of £78,159.87 ($102,129.71).
Bunzl Company Profile
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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